romans holiday

Greeting all, I am back..... as if waking from a long slumber, I took one look at the long term log chart, rubbed my eyes, and bought heavily. I arrived late to the party. I bought heavily at 10,000 and 11,000 at the end of December, beginning of this month, when most where nervous at the 'toppy' levels. Already we are pushing 17,000. Dr Bubb, it seems you have fundamental objections to this bull run?? People interrogate me about the fundamentals, I shrug my head, and state the market is my friend... for now. PS, I seem unable to post a URL.

Looks precipitous for silver. Shaping up good for a trade

Yes, finally. Looking at the chart the previous level/ band held for around a year from 2012 to 2013. With the breakdown from that time, it has once again held for a year. If this pattern is anything to go by, that would put silver around $14 come another breakdown. Still can't bring myself to short it. Though would think of buying, for a trade, if it went down to those levels.

TI, I still have a small amount of gold, and I doubt the price will crash. You have to wonder whether inflationary pressures will start to build at some stage. RB, Yep, wouldn't surprise me to see another move down in silver. Will consider buying on a good-sized dip, and sell on the inevitable bounce back up. Instrument of choice still being AGQ.... and will make sure not to sit in it too long this time!

Still waiting for a decent spike down in silver. Could well see it if silver dips below 19. It's gone nowhere in a year, perhaps it will strengthen later this year.

Silver still looking like it wants to go lower.

Yes! I think it pays to stay on the side lines here until some breakout of this bottoming pattern.... $1400 gold at the end of this year, or next, perhaps?? Perhaps 1200ish will be a bit of a base for gold in the meantime; The 2008 correction was near 30% - 1000 down to 700. This correction, though more prolonged looks of similar magnitude - 1800 down to 1200.

Timber?

Interesting spot for gold as it backed away from 1400. Will it bounce at round this 1300 mark and prove the bottom in, or head lower and further correct.

OK, so New Zealand, my home country, is the first in the developed world to started hiking the cash rate. Does this signal the turn of the cycle? Gold up to 1370... pushing 1400.

Hmmm... tempted for a quick short here.

Gold through 1400 would mark the end of the mega correction for me. Price still looks solid on the long term log chart.

"The key long term trend is in play" Hmmm, let me guess... something like 20% appreciation year on year?

Still can't quite bring myself to short it.

Indeed! I'd like to see another washout.... say silver to 16 odd before buying for the bounce... see at say 20. With these doubled instruments, a trade like that would see a near 100% return.